SBP reserves fall $145.9m

Published June 26, 2020
Forex reserves have fallen by $45.2m to $16.73bn during the week under review. — APP/File
Forex reserves have fallen by $45.2m to $16.73bn during the week under review. — APP/File

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $145.9 million to $9.961 billion during the week ending on June 19, latest data showed on Thursday.

On the other hand, reserves held by the commercial banks increased by $100m to $6.768bn. The forex reserves of the country fell by $45.2m to $16.73bn during the week under review.

However, the SBP received around $1.725bn, including $725m from the World Bank, $500m from Asian Development Bank and $500m from Asian Infrastructure Investment Bank during the current week.

These funds will be part of the SBP weekly reserves data as of June 26 to be released on July 2.

Published in Dawn, June 26th, 2020

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Plugging the gap
06 May, 2024

Plugging the gap

IN Pakistan, bias begins at birth for the girl child as discriminatory norms, orthodox attitudes and poverty impede...
Terrains of dread
06 May, 2024

Terrains of dread

KARACHI, with its long history of crime, is well-acquainted with the menace. For some time now, it has witnessed...
Appointment rules
06 May, 2024

Appointment rules

IT appears that, despite years of wrangling over the issue, the country’s top legal minds remain unable to decide...
Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....